History

1946

Argo was established with a paid up capital of £10,000

Kevin Ward first Chairman, Alf Adamson Manager

1950 Argo shares listed on the Stock Exchange
1954

Acquisition of Austral Plaster Co. Ltd, an Adelaide based investment company

Alf Adamson appointed Chairman

1957 Acquisition of Freehold Assets Co. Ltd, a Melbourne based investment company
1958 Placement of 50,000 shares to London investors at $1.25 per share
1959 Shareholders’ Equity (assets recorded at market value) exceeded $2 million for first time
1960

Argo sponsored the floating of Bounty Investments Limited, an Adelaide based listed investment company having the same management as Argo

Net operating profit exceeded $100,000 for the first time

Placement of 180,000 shares to clients of Sydney based sharebrokers at $1.45 per share

1961 Placement of 60,000 shares in part payment for the acquisition of a Melbourne private investment company at $2.00 per share
1963

Argo took over the management of Wakefield Investments (Australia) Limited, an Adelaide based listed investment company

Placement of 40,000 shares at $1.70 per share in exchange for 100,000 Wakefield Investments (Australia) Limited shares

Acquisition of Metropolitan Building Investments Limited, a Sydney based investment company

1964 Placement of 100,000 shares to London investors at $2.10 per share
1966 Placement of 400,000 shares to London investors at $1.85 per share
1968

Acquisition of an Adelaide private investment company for a share and cash consideration of $1,050,000

Shareholders numbered more than 2,000

Placement of 375,000 shares to London investors at $2.15 to $2.30 per share

1969

Robert Patterson commenced employment

Shareholders’ Equity (assets recorded at market value) exceeded $10 million for the first time

1970 Acquisition of three Melbourne based investment companies for a cash consideration of $900,000
1972 Allotment of 358,530 shares at $1.75 per share as consideration for shares in Leo Investments Limited, an investment company, in association with Bounty Investments Limited and Wakefield Investments (Australia) Limited.
1973 Allotment of 41,470 shares at $1.75 per share as consideration for further shares in Leo Investments Limited
1976 Net operating profit exceeded $1 million for the first time
1978 Shareholders’ Equity (assets recorded at market value) exceeded $20 million for the first time
1981

Shareholders’ Equity (assets recorded at market value) exceeded $50 million for the first time

Net operating profit exceeded $2 million for the first time

1982

Shareholders numbered more than 4,000

Sir Donald Bradman AC appointed Chairman

1984 Mr. Lew Barrett AO OBE was appointed Chairman
1985

Net operating profit exceeded $5 million for the first time

Shareholders’ Equity (assets recorded at market value) exceeded $100 million for the first time

1986 1,000,000 shares placed to New Zealand investors at $2.70 per share
1988

Net operating profit exceeded $10 million for the first time

Placement of 9 million 10% convertible unsecured notes of $2.30 each

Shareholders numbered more than 10,000

1989 Annual balance date changed from 31 March to 30 June
1990 Acquisition of Schroders Dual Fund Limited
1992

Acquisition of Stoddarts Holdings Limited, a Sydney based listed investment company

Argo’s operations included a Sydney office

Accounts of Bounty Investments Limited and Wakefield Investments (Australia) Limited consolidated with Argo

Shareholders numbered more than 20,000

1993

Mr. David Wicks QC appointed Chairman

9 million 10% $2.30 convertible unsecured notes converted to shares

1994

Company’s corporate objective was adopted

Shareholders’ Equity before provision for deferred income tax exceeded $500 million for the first time

1995 Net operating profit before net gains on realisation of long-term investments exceeded $25 million
1996

50th year of operations

Share Purchase Plan introduced

1998 Mr. Chris Harris appointed Chairman
1999

Shareholders’ Equity before provision for deferred income tax exceed $1,000 million for the first time

Dividend Reinvestment Plan introduced

2000

Net operating profit exceeded $50 million for the first time

Argo merged with Bounty Investments Limited and Wakefield Investments (Australia) Limited

2004 Shareholders’ Equity before provision for deferred income tax exceeded $2,000 million for the first time
2005 Net operating profit exceed $100 million for the first time
2006 Shareholders numbered more than 50,000
2007

Purchase of unlisted investment company for $62 million

Shareholders’ Equity before provision for deferred income tax exceed $4,500 million for the first time

2008 Net operating profit, before realised gains on the sale of long-term investments, was $182.3 million, a record to date
2010

Jason Beddow appointed Chief Executive Officer

Retirement of Managing Director, Mr. Rob. Patterson, after 41 years’ service to the Company

2012 Mr. Ian Martin AM appointed Chairman
2013 Shareholders numbered more than 70,000
2014 Jason Beddow appointed Managing Director
Shareholders’ Equity before provision for deferred income tax exceed $5,000 million for the first time
2015 Net operating profit was $228.1 million, a new record to date
Inaugural winner of Financial Review Smart Investor Best Australian Listed Investment Company
Established a new ASX-listed investment Company - Argo Global Listed Infrastructure Limited
2016 Shareholders numbered more than 80,000
CoreData SMSF Service Provider Award winner for LICs - As voted by Advisers
CoreData SMSF Service Provider Award winner for LICs - As voted by Members
2017 CoreData SMSF Service Provider Award winner for LICs - As voted by Advisers
CoreData SMSF Service Provider Award winner for LICs - As voted by Members